Trees, Evil, and Negative Externalities

It is a commonplace in discussions of environmental economics to consider so-called “negative externalities,” a technical term for the bad or damaging consequences of an activity that affects those outside the realm of economic decision-making. Continue Reading...

The Perfect, the Enemy of the Good

Voltaire had a saying: “The perfect is the enemy of the good,” or, “Le mieux est l’ennemi du bien.” It’s often repeated, especially in public policy circles, that the perfect the enemy of the good, implying that you should favor the realistic good that can be done rather than the unattainable perfect ideal. Continue Reading...